Lothenbach Dispersal a Unique Opportunity for Buyers

This year's renewal of the Fasig-Tipton Winter Mixed Sale will have extra appeal to buyers with the addition of the dispersal of the late Robert Lothenbach's breeding stock. The dispersal's offerings, most of whom were supplemented to the auction's catalogue, will be handled by Vinery Sales and Taylor Made Sales Agency. Both consignors emphasized what a unique opportunity the dispersal represented.

“Mr. Lothenbach was a great ambassador for racing and he strictly bred to race,” Vinery's Derek MacKenzie said. “He also bought a lot of nice yearlings over the years for racing. And so, none of these families–especially some that go back three and four generations–have ever been on the market. There is soundness and plenty of talent within these families. Under unfortunate circumstances, they are available to the public.”

Lothenbach, who passed away in November, was among the leading owners in North America for nearly three decades. Over the last 23 years, his Lothenbach Stables celebrated more than 800 wins and earned more than $30 million. He was a top 10-ranked owner nationally in 2020 and 2022.

“He is one of the few guys who bred to race exclusively in this era,” MacKenzie said.

Among Vinery's 46 offerings from the dispersal are a pair of mares who won graded stakes in the Lothenbach colors.

Bell's the One (Majesticperfection) (hip 476) won the 2020 GI Derby City Distaff S., the 2021 GII Honorable Miss H. and GII Thoroughbred Club of America S. and the 2019 GII Lexus Raven Run S. She was third in the 2020 GI Breeders' Cup F/M Sprint.

The hard-knocking mare hit the board in 21 of 27 races–including three runnings of the GI Madison S.–with 13 wins and earnings of $2,000,675.

“Any international buyer that is seriously playing at the top level would want to have this mare,” MacKenzie said. “She was such a good race filly for so long and she looks fantastic right now. They can take her straight to the shed and breed her to whoever they want. I've got to think she appeals to every continent.”

The 8-year-old mare, who RNA'd for $2.6 million at the 2022 Fasig-Tipton November sale, was bred to Flightline last year, but sells not in foal after aborting in September.

“I was a farm manager for a long time before I got into the sales side and a lot of maidens slip their first ones and never have an issue the rest of their career,” MacKenzie said. “I've seen it a lot. So it's not a worry at all for me. I think anyone with experience with broodmares knows it shouldn't be any kind of issue and she'll be fine going forward.”

Vinery's offerings also include She Can't Sing (Bernardini) (hip 485), winner of the 2022 GIII Chilukki S. The 7-year-old broodmare prospect raced 39 times in her career, hitting the board 22 times and earning $883,558.

“What a beautiful mare,” MacKenzie said of She Can't Sing. “She ran hard for a while and she's by the right sire in Bernardini, a great broodmare sire. And she has leg and scope. She is taller than most Bernardinis. Again, she should fit any continent, any kind of top-level breeder should take a hard look at trying to get her.”

Beyond the pair of graded-stakes winning mares, MacKenzie said he thinks there is plenty to appeal to buyers in the dispersal as the breeding season looms.

“There is a group of maiden fillies coming off the racetrack that are pretty interesting that have good looks and talent,” he said. “And there are a couple other younger broodmares in foal to the right sires. So it's going to be a strong showing.”

Taylor Made Sales Agency got the Lothenbach dispersal started with a week-long digital offering of 76 horses of racing age which opened Monday and closes Friday. During the Winter Mixed sale next week, the consignment will include 19 short yearlings, all bred by Lothenbach.

“I think they represent a really good opportunity right now,” Marshall Taylor said of the offerings. “You look down there at all those pedigrees and who they are by, pedigrees that nobody has really had an opportunity to buy into and then it's a group of very good stallions that Mr. Lothenbach bred to. Normally, you get down to this point and you've got the February sale and there are only so many [yearlings] in the sale. So to have this opportunity with some of the stallions that Mr. Lothenbach bred to, it's a huge opportunity.”

After a competitive foal market, next week's Winter Mixed sale offers buyers a final chance to buy short yearlings at public auction this year.

“I think the foal market, now short yearling, market has been so strong,” Taylor said. “You look at November and it was really hard to buy. The good foals were bringing a lot of money and selling very well. That carried on to January. So having this dispersal with these short yearlings, I think there is going to be a strong market for them. I think there are a lot of people out there that still want to buy a good baby by a good stallion. And I think all of that is just going to carry over to this sale.”

With the digital portion of the dispersal in full swing, Taylor said he was seeing plenty of interest for the horses of racing age this week and requests for information on many of those horses' siblings who will be on offer on-site at Fasig-Tipton next week.

“Right now, we just started the racehorse dispersal [Monday], so there has been a lot of interest there,” Taylor said. “We've had a lot of calls on the short yearlings, too. People calling us asking what they look like, a lot of different pinhookers have been asking about them. Mr. Lothenbach has a lot of nice horses in the digital sale and a lot of these babies are half-siblings.”

From the digital sale through the Winter sale, Taylor kept coming back to that word–opportunity.

“From an overall picture on all of Mr. Lothenbach's offerings,  from the mares, to the racehorses, to the babies–especially with the fillies–to have the opportunity to buy into these families is a rare thing. Mr. Lothenbach was a straight breed-to-race guy and nobody has ever had the opportunity to buy into these families. He has a lot of nice families, so there are going to be some big opportunities.”

The Fasig-Tipton Winter Mixed Sale will be held next Monday and Tuesday at Newtown Paddocks. Both sessions of the auction begin at 10 a.m.

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Fasig-Tipton to Conduct Lothenbach Dispersal at Winter Mixed, Digital Sales

The Lothenbach Stables of the late Robert Lothenbach will completely disperse its breeding stock, yearlings, and horses of racing age with Fasig-Tipton over the next three weeks. All breeding stock and yearlings will be sold at Fasig-Tipton's Kentucky Winter Mixed Sale, to be held Feb. 5 and 6 in Lexington. The 65 entries of breeding stock and yearlings at the Winter sale will be spread among two consignors: Vinery Sales and Taylor Made Sales Agency. The majority of these entries will be offered in the sale's supplement, but the main catalogue also contains entries that had been previously catalogued prior to the estate's decision to completely disperse.

Included among the breeding stock offerings are Grade I winner Bell's the One (Majesticperfection) (hip 476) and graded stakes winner She Can't Sing (Bernardini) (hip 485). Mares in foal to Authentic, Blame, Bolt d'Oro, Candy Ride (Arg), Charlatan, Into Mischief, Jackie's Warrior, Maclean's Music, Omaha Beach, Uncle Mo, and Yaupon are also on offer.

The Kentucky Winter Mixed offerings also include 22 yearlings, by such sires as American Pharoah, Candy Ride, City of Light, Essential Quality, Ghostzapper, Gun Runner, Into Mischief, Maxfield, Medaglia d'Oro, Omaha Beach, Practical Joke, Twirling Candy, and War Front.

“Mr. Lothenbach's breeding program was old-time–pedigrees he had developed as part of an operation that was 100% breed to race,” commented Fasig-Tipton President Boyd Browning.  “His families have never been offered on the public market and his yearlings have been raised with one goal–to be racehorses.”

Prior to the Kentucky Winter Mixed Sale, the complete dispersal of Lothenbach Stable's horses of racing age will be conducted on Fasig-Tipton Digital, the company's online platform. The approximately 90 Horses of Racing Age, which consist of 3-years-old or older, will be consigned by Taylor Made Sales Agency.

Bidding for the Lothenbach Dispersal of Horses of Racing Age on Fasig-Tipton Digital will open Monday, Jan. 29 and will close on Friday, Feb. 2. The catalogue will be made available for previewing prior to the start of the digital sale.

A prominent Minnesota owner and breeder for more than 30 years, Lothenbach passed away in November of 2023. Since 2000 alone, Lothenbach color bearers have won more than 800 races and earned more than $30 million on the racetrack, according to Equibase. His stable ranked in the top 10 nationally in 2020 and 2022.

“Mr. Lothenbach's passing is an immense loss to Thoroughbred racing, as he loved and participated in all aspects of our sport as an owner and breeder, while also highly active at auctions,” said Browning. “We are honored that his family has chosen Fasig-Tipton for the dispersal of the majority of his Thoroughbred holdings.”

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Record Good Magic Colt on Top at Fasig-Tipton Saratoga Sale

A colt by Good Magic (hip 251) brought a sales record $230,000 to top a solid–if polarized–renewal of the Fasig-Tipton Saratoga Fall Mixed Sale in upstate New York Tuesday. During the one-session auction, 156 horses grossed $4,522,200 for an average of $28,988 and a median of $18,000. Both average and median dipped from last year's vibrant market. The sale average–which had jumped 48.5% from 2021 to 2022–declined 13% from a year ago, while the median was down 5%.

From a catalogue of 337 head, 243 went through the ring with 87 failing to meet their reserves for a buy-back rate of 35.8%. That was up from last year's figure of 25.3%.

“It was very similar to the last few yearling sales,” Derek MacKenzie, whose Vinery Sales consigned four of the auction's nine six-figure horses, including the sale-topping weanling, said of the market in Saratoga Tuesday. “It was very polarized. The ones that the buyers covet and that jump through the hoops bring a lot of money. We are lacking a little bit of depth, obviously. The middle and the bottom is trickier than it has been in the last few years.”

Hip 251 is out of Popstar (Medaglia d'Oro) and is a half-brother to stakes-placed Lady d'Oro (Catholic Boy). Vinery consigned the youngster on behalf of his breeder, Richard Nicolai's Fortune Farm.

“He was a very fantastic physical and he had great size,” said Vinery's Derek MacKenzie. “He was a great mover with incredible presence. I thought he would top the sale, honestly.”

Of the sales record price, MacKenzie said, “Once you pass the $200,000 mark at this sale, you just never know. Because that seems to be the ceiling in the past, but [the price] didn't shock me.”

The sale-topping price produced a quick profit for Nicolai, who purchased Popstar with the colt in utero for $29,000 at the Keeneland January sale earlier this year.

“I was not involved with purchasing the mare, but I congratulated [Nicolai] on what was an incredible purchase,” MacKenzie said.

On behalf of Juddmonte, Sequel New York offered three mares in foal to Honest Mischief and the trio were the only broodmares to bring six figures during the auction. Glen Hill Farm purchased the highest-priced of the lot, going to $170,000 to acquire the unraced 4-year-old Bahama Banks (Arrogate) (hip 25).

“We had a busy morning because we sold a horse in the Arqana October sale and he made a nice price,” said Glen Hill's Craig Bernick. “So I was kind of excited and I went a little more on that mare than I was planning to. But we wanted to have her.”

The mare is a half-sister to multiple graded placed Millefeuille (Curlin). Her second dam is Grade I winner Honest Lady (Seattle Slew), who produced Grade I winner First Defence (Unbridled's Song), as well as graded placed Honest Mischief.

“It's a world-class pedigree,” Bernick said. “We've never been able to get something that we thought was good from that Toussaud, Honest Lady family. When they've sold out of that family, those horses usually make a huge price. So we were really excited to buy her. She is in foal to a horse that's in New York, but it's a horse that goes back to the same family. So you'd have to hope for a filly to be inbred to that family. We will bring her to Kentucky and figure out what stallion to go to. She will go to a good stallion.”

Honest Mischief, who stands at Sequel New York for $6,500, was well-represented by his first crop at the Fasig-Tipton New York-Bred Yearling Sale in August with five six-figure yearlings. But the New York stallion's presence as a covering sire might have saved Bernick some money, he said.

“If she was in foal to a $50,000 Kentucky stallion, I think she would have made $400,000 or $500,000,” Bernick said. “So the stallion maybe did us a favor. We like to race horses, so Honest Mischief, I wouldn't go looking for one, but from that family, especially if it's a filly, I would be excited to race her.”

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